The Pound-to-Dollar exchange rate is forecast to maintain familiar levels over coming days but ln the case of a downside break - confirmed by a move below 1.2600 - we might expect a follow-through down to a target at 1.2310.

The U.S. Dollar appeared to shrug Wednesday when official data revealed that U.S. inflation pressures remained elevated during October, although recent developments in oil markets mean the outlook for price pressures has cooled of late.

The Dollar is likely to correct downwards against a basket of currencies before year-end, according to technical analysts at Bank of America Merrill Lynch, who've warned the U.S. currency could be in for "much more pain" if a key level of support gives way over the coming months.

The Dollar extended its rebound from an earlier election-induced slump Thursday after the Federal Reserve (Fed) signalled that it will continue with its plan to raise U.S. interest rates during the months ahead.

The Pound-to-Dollar exchange rate is forecast to maintain familiar levels over coming days but ln the case of a downside break - confirmed by a move below 1.2600 - we might expect a follow-through down to a target at 1.2310.

The U.S. Dollar appeared to shrug Wednesday when official data revealed that U.S. inflation pressures remained elevated during October, although recent developments in oil markets mean the outlook for price pressures has cooled of late.